The logic behind opening a position in Dogecoin is very simple! From a technical perspective, after hitting the resistance level of 0.15 four times in a row, a rebound was initiated. The whales have done this multiple times, which is not considered malicious!

From a news perspective: there was a significant transfer of tokens, with 600 million dollars’ worth of tokens transferred a few days ago. Many people thought this would lead to a crash and opened short positions, which is exactly the effect the whales wanted! Continuous short squeezes allow for subsequent price increases at no cost!